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$ 4,495,000
Est. payment /mo
New
2938 S Sycamore Los Angeles, CA 90016
15 Beds
16 Baths
7,202 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26179793
Bedrooms 15
Lot Size 7,202 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
2938 S Sycamore Ave is a striking 2026 new construction, non-rent-controlled 6-unit in prime West Adams. Delivering a strong 6.06% cap rate, Sycamore offers the rare combination of luxury construction, immediate cash flow, and long-term upside. Four of the six residences are already leased at impressive market rents, providing buyers with income from day one. Spanning 9,489 square feet across two modern buildings, the property features an excellent unit mix of two spacious 3-bedroom residences and four, equally as impressive, 4-bedroom residences with private rooftop decks. Each thoughtfully designed unit offers generous floor plans, high-end finishes, balconies, central HVAC, in-unit washers and dryers, and sleek contemporary kitchens and bathrooms. Ten on-site parking spaces further enhance tenant appeal. All utilities are separately metered, helping keep operating expenses exceptionally low and making Sycamore a true turnkey, low-maintenance investment. Offered at $4,495,000, the property trades at approximately $474 per square foot and $749,000 per unit, an attractive basis for brand-new construction in one of Los Angeles most in-demand rental markets. Ideally positioned near Culver City, West Adams, and the Expo Line, residents enjoy convenient access to Santa Monica, DTLA, USC, and the greater Westside. The property is surrounded by major redevelopment, new construction, and neighborhood favorites including Alta Adams, Mizlala, Johnnys Pastrami, and Highly Likely. With Sony, Amazon Studios, Apple, HBO, and Culver Citys thriving tech and media corridor nearby, the area
Location
State CA
County Los Angeles
Zoning Builder
Direction From La Brea Ave, head east on W 30th St, then turn left onto S Sycamore Ave. The property will be on your right. Located betwee
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5049021041
Virtual Tour https://www.myunits.com/buy/2938sycamore
Listed by Lauren Cearley, DRE#02146823 Myunits.com Inc.
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